What's Happening?
Hazer Group has strengthened its alliance with Kellogg Brown and Root (KBR) to advance the commercialization and licensing of its hydrogen technology. The partnership, formalized through a binding agreement
earlier this year, places Hazer's technology within KBR's Net Zero and Sustainable Future portfolio. This collaboration aims to deploy Hazer's technology in the ammonia and methanol markets, focusing on marketing, licensing, and commercialization. Hazer CEO Glenn Corrie highlighted the early momentum generated by the partnership, noting KBR's global reach and execution capability as key factors in driving interest from prospective licensees.
Why It's Important?
The alliance between Hazer and KBR is pivotal for the hydrogen sector, as it supports the development of low-carbon fuels and hydrogen carriers essential for the energy transition. By integrating Hazer's technology into KBR's portfolio, the partnership enhances efforts towards global decarbonization. This collaboration could lead to significant advancements in hydrogen production, offering sustainable solutions for industries seeking to reduce carbon emissions. The partnership also underscores the growing importance of hydrogen as a clean energy source, potentially influencing policy and investment in renewable energy technologies.
